WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods. This is
A) a distribution agreement
B) a joint venture.
C) direct exporting.
D) licensing.
C
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The debit balance in Cash Short and Over at the end of an accounting period is reported as
a. an expense on the income statement b. income on the income statement c. an asset on the balance sheet d. a liability on the balance sheet
Holmstrom Corporation has provided the following data concerning last month's operations. Direct materials$14,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$79,000 BeginningEndingWork in process inventory$47,000 $53,000 Finished goods inventory$41,000 $42,000 How much is the cost of goods available for sale on the Schedule of Cost of Goods Sold?
A. $145,000 B. $186,000 C. $144,000 D. $138,000
Which of the following taxes is not subject to a maximum amount per employee per year?
A) State unemployment tax B) Federal unemployment tax C) Social security tax D) Medicare tax
Despite the different levels of brand familiarity, brands generally have only one set of target customers.
Answer the following statement true (T) or false (F)